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Why Don’t We Get the “Right” Regulations?

Started by Will Wilkinson · 8 months ago

I’m with Pete Boettke:
The post Keynesians in my mind often pay lip service to the epistemic issues that Hayek raised, but not really. And they are often completely innocent of the public choice incentive issues in public policy, though they often rail against the political proce ... Continue reading »

6 comments

  • Tushar

    8 months ago

    Exactlyyy the point I was trying to get thru in the Financial Dirigisme Thread. its just so hard, I agree. Thank you
    reply
  • DWAnderson

    8 months ago

    I think this is mostly right, but it would help if you said some more about the level of generality at which the limits to effective regulation apply. If applied at the highest level of generality that would make any reform impossible under any circumstances. Surely it is at least conceivable that some reforms other than complete financial deregulation might make the financial system better. The question is what those might be.
    reply
  • TGGP

    8 months ago

    Dain gives some evidence we shouldn't equate profit-sector and government agents that way here:
    http://dryhyphenolympics.blogspot.com/2008/05/p...
    reply
  • catchy

    8 months ago

    You've made this pt. several x, but I don't know whether your analysis applies just to the US or what.

    Your pessimism re: regulation seems to rely on general premises re infuence on gov. etc.

    But there are places w. effective regulation. e.g. Canada maintained robust capital reserve requirements and their banks haven't melted down in anything like US fashion.

    I'd like to know whether your claim is perfectly general. And if so, how do you account for e.g. Canada?

    From my POV you seem to be participating in the general 'government is never the solution' culture that kept us from having the type of sensible oversight that was in place right above the border.

    p.s. sorry bout your run-in w. Leiter. I study a phil. + think it's nice to have folk trying to bring philosophy to a wider audience...
    reply
  • Paul McLeod

    8 months ago

    Tortured Analogy Productions presents:

    MORE REGULATION
    A Tragedy in One Act

    Featuring:
    Dr. Weird as "The Government"
    Steve as "The Financial Markets"
    and Corn as "Regulation"

    <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/DUWuUIiciWk&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/DUWuUIiciWk&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>

    Please replace "hungry" with "hosed".

    The Acclaimed Prequel
    reply
  • Paul McLeod

    8 months ago

    Argh. I was afraid of that. The effect is ruined, but here's the plain URL for the video I tried to embed: http://www.youtube.com/watch?v=DUWuUIiciWk
    reply

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